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IT raids on premises linked to Sasikala continue for 3rd day

Press Trust of India  |  Chennai/Cuddalore (TN) 

The Income- department continued its searches for the third day today at premises linked to jailed leader VK Sasikala and her kin over suspected evasion.

I-T officials though did not elaborate on the value of and type of documents seized.

The searches, including in this metropolis, Bengaluru, and a number of other locations in Tamil Nadu, that commenced on November 9 were going on at some places, a senior official told PTI.

However, he declined to disclose how much and what type of documents were seized.

In Cuddalore, a 10-member team is conducting searches at two residences and a jewellery shop.

One of the residences belongs to an astrologer, who reportedly used to give advice to Sasikala, who is now in a jail following her conviction in a disproportionate assets case.

The raid on 187 locations was conducted by over 1,000 officials, who split into over a dozen teams on day one of the searches on November 9.

Subsequently, the number of officials carrying out the task shrunk with the conclusion of the searches at some premises.

Backed with inputs, including those from the Finance Ministry's Financial Intelligence Unit, the raids are being conducted.

The allegations included suspicion of shell companies, dubious investments, suspicious fund flow and its transfers and fudging of accounts.

Jaya TV premises in Chennai and Dhinakaran's farm house were searched as part of "Operation Clean Money", under which premises belonging to 10 Income-Tax assessee groups were raided.

Dubbing the searches a "conspiracy", deposed deputy General Secretary T T V Dhinakaran has alleged it was to oust him and his jailed aunt from politics.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 11 2017. 17:07 IST